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Neologics:
Once again, The Washington Post has published the winning submissions to its yearly neologism contest in which readers are asked to supply alternate meanings for common words.
The winners are:
1. Coffee (n.), the person upon whom one coughs.
2. Flabbergasted (adj.), appalled over how much weight you have gained.
3 . Abdicate (v.), to give up all hope of ever having a flat stomach.
4. Esplanade (v.), to attempt an explanation while drunk.
5. Willy-nilly (adj.), impotent.
6. Negligent (adj.), describes a condition in which you absentmindedly answer the door in your nightgown.
7. Lymph (v.), to walk with a lisp.
8. Gargoyle (n.), olive-flavored mouthwash.
9. Flatulence (n.) emergency vehicle that picks you up after you are run over by a steamroller.
10. Balderdash (n.), a rapidly receding hairline.
11. Testicle (n.), a humorous question on an exam.
12. Rectitude (n.), the formal, dignified bearing adopted by proctologists.
13. Pokemon (n), a Rastafarian proctologist.
14. Oyster (n.), a person who sprinkles his conversation with Yiddishisms.
15. Frisbeetarianism (n.), (back by popular demand): The belief that, when you die, your Soul flies up onto the roof and gets stuck there.
16. Circumvent (n.), an opening in the front of boxer shorts worn by Jewish men.
The Bunny and The Snake
Once upon a time, in a nice little forest, there lived two orphans . . . a bunny and a snake.
By a surprising coincidence, both were blind from birth. One day the bunny was hopping through the forest, and the snake was slithering through the forest, and the bunny tripped over the snake and fell down. This, of course, knocked the snake about a bit.
"Oh, my," said the bunny, "I'm terribly sorry. I didn't mean to hurt you. I've been blind since birth, so I can't see where I'm going. In fact, since I'm also an orphan, I don't even know what I am."
"It's quite all right," replied the snake. "Actually, my story is similar to yours. I, too, have been blind since birth and also never knew my mother. Tell you what, if I slither all over you, perhaps I can figure out what you are, so at least you'll have that going for you."
"Oh, that would be wonderful," replied the bunny.
So the snake slithered all over the bunny and said: "Well, you're covered with soft fur, you have really long ears, your nose twitches, and you have a soft cottony tail. I'd say that you must be a bunny rabbit."
"Oh, thank you! Thank you!" cried the bunny, in obvious excitement.He then suggested to the snake, "Maybe I could feel you all over with my paws and help you the same way that you've helped me."
So the bunny felt the snake all over and then remarked: "Well, you're smooth and slippery, you have a forked tongue, no backbone and no balls...
I'd say you're a Democrat."
The Bunny and The Snake...
Once upon a time, in a nice little forest, there lived two orphans . . . a bunny and a snake.
By a surprising coincidence, both were blind from birth. One day the bunny was hopping through the forest, and the snake was slithering through the forest, and the bunny tripped over the snake and fell down. This, of course, knocked the snake about a bit.
"Oh, my," said the bunny, "I'm terribly sorry. I didn't mean to hurt you. I've been blind since birth, so I can't see where I'm going. In fact, since I'm also an orphan, I don't even know what I am."
"It's quite all right," replied the snake. "Actually, my story is similar to yours. I, too, have been blind since birth and also never knew my mother. Tell you what, if I slither all over you, perhaps I can figure out what you are, so at least you'll have that going for you."
"Oh, that would be wonderful," replied the bunny.
So the snake slithered all over the bunny and said: "Well, you're covered with soft fur, you have really long ears, your nose twitches, and you have a soft cottony tail. I'd say that you must be a bunny rabbit."
"Oh, thank you! Thank you!" cried the bunny, in obvious excitement.He then suggested to the snake, "Maybe I could feel you all over with my paws and help you the same way that you've helped me."
So the bunny felt the snake all over and then remarked: "Well, you're smooth and slippery, you have a forked tongue, no backbone and no balls...
I'd say you're a Democrat."
News for 'RBAK' - (Dr Alan Lippman appointed as chief video architect at Redback Networks)
Jan 11, 2007 (M2 EQUITYBITES via COMTEX) -- Redback Networks Inc (Nasdaq:RBAK),
a provider of multi-service edge routers for next generation IP networks,
announced on Wednesday (10 January) the appointment of Dr Alan Lippman as chief
video architect and director of technology planning.
Dr Lippman will report directly to Scott Marshall, senior vice president,
engineering and product management at Redback Networks.
Dr Lippman has served with RealNetworks and was one of the original creators of
RealAudio and RealVideo, Redback said. Dr Lippman also served as the first
member of the development team for RealAudio and as chief engineer and a key
developer for all major product releases for RealVideo through 2001.
In addition Dr Lippman is also the founder of Trusted Media Networks Inc, a
company focused on the delivery of high-bandwidth audio and video over any size
network pipe.
News for 'RBAK' - (Dr Alan Lippman appointed as chief video architect at Redback Networks)
Jan 11, 2007 (M2 EQUITYBITES via COMTEX) -- Redback Networks Inc (Nasdaq:RBAK),
a provider of multi-service edge routers for next generation IP networks,
announced on Wednesday (10 January) the appointment of Dr Alan Lippman as chief
video architect and director of technology planning.
Dr Lippman will report directly to Scott Marshall, senior vice president,
engineering and product management at Redback Networks.
Dr Lippman has served with RealNetworks and was one of the original creators of
RealAudio and RealVideo, Redback said. Dr Lippman also served as the first
member of the development team for RealAudio and as chief engineer and a key
developer for all major product releases for RealVideo through 2001.
In addition Dr Lippman is also the founder of Trusted Media Networks Inc, a
company focused on the delivery of high-bandwidth audio and video over any size
network pipe.
News for 'CYTR' - (CytRx Corporation Subsidiary, RXi Pharmaceuticals, Licenses ``Nanotransporters' and Other RNAi Discoveries from the University of Massachusetts Medical School - Novel Technology May Enable Systemic RNAi Delivery -)
WORCESTER, Mass., Jan 11, 2007 (BUSINESS WIRE) -- CytRx Corporation
(NASDAQ:CYTR) today announced that RXi Pharmaceuticals Corporation (RXi), a
majority-owned subsidiary of CytRx, has entered into significant new agreements
with the University of Massachusetts Medical School (UMMS) to license RNA
interference (RNAi) intellectual property for all therapeutic applications. RNAi
has been shown to effectively interfere with the expression of targeted
disease-associated genes with great specificity and potency, and was
co-discovered by 2006 Nobel Laureate Dr. Craig C. Mello, who is expected to
become a scientific advisor of RXi pending institutional approval. The
agreements include an exclusive therapeutic license with rights to sublicense
for nanotransporters, which have been shown to deliver intact RNAi to a number
of tissues in animal models. The licenses are contingent upon RXi's receipt of
working capital funding in the coming months. Financial terms were not disclosed
for competitive reasons.
Tod Woolf, Ph.D., CEO of RXi, stated, "The scientists that founded RXi realized
long ago that delivery technology was the key to systemic administration of
RNAi. The nanotransporters are the culmination of work carried out since 2003 by
Dr. Tariq Rana of UMMS. This new technology, together with our existing
RNAi-based intellectual property licenses acquired from CytRx, extraordinary
scientific advisors and proven management team provides the foundation required
to establish RXi as a pre-eminent company focused exclusively on the RNAi field.
With Merck's acquisition of Sirna Therapeutics, RXi expects to compete primarily
with industry leader Alnylam Pharmaceuticals as a company dedicated to
developing and commercializing RNAi therapeutics. While other competitors have
sought collaborators to obtain systemic delivery of RNAi, RXi now has its own
potential enabling delivery technology," added Dr. Woolf.
"If RXi is able to offer a new method for treating a broad range of diseases,
RNAi therapeutics could become as important as small molecules and antibody
drugs," said Steven A. Kriegsman, President and CEO of CytRx.
Licensed Nanotransporter Technology
Tariq M. Rana, Ph.D., Professor and Founding Director of the Program in Chemical
Biology at UMMS and developer of the nanotransporters, has reported activity
with RNAi delivered with nanotransporters in mouse models at 1 milligram per
kilogram - an exceptionally favorable dose. The nanotransporters are highly
uniform in structure and are readily formulated by simply mixing with RNAi
compounds. Results of this research were presented at the 2006 Keystone
Conference.
The RXi licensed technology also includes compounds for the potential treatment
of amyotrophic lateral sclerosis (ALS or Lou Gehrig's disease) that can be
delivered locally to the central nervous system. The ability to control gene
expression in the central nervous system has potentially far-reaching
implications for the treatment of a number of neurodegenerative diseases. In
addition, the technology includes methods of targeting point mutations with RNAi
that may be useful in targeting mutations that cause certain cancers and genetic
diseases.
About CytRx Corporation
CytRx Corporation is a biopharmaceutical research and development company
engaged in the development of high-value human therapeutics. The Company owns
three clinical-stage compounds based on its small molecule "molecular chaperone"
co-induction technology. In September 2006 CytRx announced that arimoclomol was
shown to be safe and well tolerated at all three doses tested in its Phase IIa
clinical trial in patients with ALS. The Company plans to enter a Phase IIb
clinical trial with arimoclomol in ALS in the third quarter of 2007, subject to
U.S. Food and Drug Administration (FDA) approval. The FDA has granted Fast Track
designation and Orphan Drug status to arimoclomol for the treatment of ALS. Also
in September 2006, CytRx announced receipt of $24.5 million in a non-dilutive
agreement with the privately funded ALS Charitable Remainder Trust to fund
continued arimoclomol development for the treatment for ALS in return for a 1%
royalty from potential worldwide sales of arimoclomol for the treatment of ALS.
The Greater Los Angeles Chapter of The ALS Association is the charitable
beneficiary of the ALS Charitable Remainder Trust. For more information on the
Company, visit CytRx's Web site at www.cytrx.com.
About RXi Pharmaceuticals Corporation
Massachusetts-based RXi is a biopharmaceutical research and development company
that will focus on developing RNAi-based therapeutics for the treatment of human
disease. RXi's initial focus will be on neurodegenerative diseases, oncology,
type 2 diabetes and obesity. RXi has licenses to a diverse series of early
patents and patent applications that were filed from 1998-2006 in the areas of
RNAi target sequences, RNAi chemistry and RNAi delivery. The company is co-owned
by CytRx and RNAi pioneers Craig C. Mello, Ph.D., 2006 Nobel Laureate for
co-discovering RNAi, Tariq M. Rana, Ph.D., inventor of fundamental technology
for stabilizing RNAi and of RNAi nanotransporters, Gregory J. Hannon, Ph.D.,
discoverer of RNAi mechanism (RISC) and short hairpin RNAi (shRNAi), and Michael
P. Czech, Ph.D., a leader in the application of RNAi to diabetes and obesity.
RXi's CEO, Tod Woolf, Ph.D., previously co-invented and commercialized
STEALTH(TM) RNAi, one of the most widely used second-generation RNAi research
products.
About the University of Massachusetts Medical School
The University of Massachusetts Medical School, one of the fastest growing
academic health centers in the country, has built a reputation as a world-class
research institution, consistently producing noteworthy advances in clinical and
basic research. UMMS attracts more than $174 million in research funding
annually, 80% of which comes from federal funding sources. Research funding
enables UMMS scientists to explore human disease from the molecular level to
large-scale clinical trials. Basic and clinical research leads to new approaches
for diagnosis, treatment and prevention of disease. Visit www.umassmed.edu for
additional information.
Forward-Looking Statements
This press release may contain forward-looking statements (statements as to
matters other than historical facts) as defined in the Private Securities
Litigation Reform Act of 1995 and in Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Such statements involve risks and uncertainties that could cause actual events
or results to differ materially from the events or results described in the
forward looking statements. Examples of such risks and uncertainties include,
but are not limited to, the need for RXi to obtain significant financing in the
coming months for which it does not yet have commitments, the need for RXi to
meet specified milestones to maintain the UMMS licenses, RXi's need to raise
significant capital to fund operations and development of its potential
products, the need to establish management and other infrastructure for the RXi
subsidiary, intense competition with other companies focused on RNAi and other
larger companies with RNAi programs and with other existing or new therapeutic
modalities, the early stage of development of RXi's technology, and the scope,
timing and outcome of pre-clinical and clinical testing and regulatory review of
RXi's potential products. Additional risks or uncertainties are described in
CytRx's most recently filed SEC documents, such as its most recent annual report
on Form 10-K, all quarterly reports on Form 10-Q and any current reports on Form
8-K filed since the date of the last Form 10-K. All forward-looking statements
are based upon information available to CytRx on the date the statements are
first published. CytRx undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.
SOURCE: CytRx Corporation
CONTACT: CytRx CorporationCEOcast, Inc.Dan Schustack, 212-732-4300dschustack@ceocast.com
Copyright Business Wire 2007
News for 'CYTR' - (CytRx Corporation Subsidiary, RXi Pharmaceuticals, Licenses ``Nanotransporters' and Other RNAi Discoveries from the University of Massachusetts Medical School - Novel Technology May Enable Systemic RNAi Delivery -)
WORCESTER, Mass., Jan 11, 2007 (BUSINESS WIRE) -- CytRx Corporation
(NASDAQ:CYTR) today announced that RXi Pharmaceuticals Corporation (RXi), a
majority-owned subsidiary of CytRx, has entered into significant new agreements
with the University of Massachusetts Medical School (UMMS) to license RNA
interference (RNAi) intellectual property for all therapeutic applications. RNAi
has been shown to effectively interfere with the expression of targeted
disease-associated genes with great specificity and potency, and was
co-discovered by 2006 Nobel Laureate Dr. Craig C. Mello, who is expected to
become a scientific advisor of RXi pending institutional approval. The
agreements include an exclusive therapeutic license with rights to sublicense
for nanotransporters, which have been shown to deliver intact RNAi to a number
of tissues in animal models. The licenses are contingent upon RXi's receipt of
working capital funding in the coming months. Financial terms were not disclosed
for competitive reasons.
Tod Woolf, Ph.D., CEO of RXi, stated, "The scientists that founded RXi realized
long ago that delivery technology was the key to systemic administration of
RNAi. The nanotransporters are the culmination of work carried out since 2003 by
Dr. Tariq Rana of UMMS. This new technology, together with our existing
RNAi-based intellectual property licenses acquired from CytRx, extraordinary
scientific advisors and proven management team provides the foundation required
to establish RXi as a pre-eminent company focused exclusively on the RNAi field.
With Merck's acquisition of Sirna Therapeutics, RXi expects to compete primarily
with industry leader Alnylam Pharmaceuticals as a company dedicated to
developing and commercializing RNAi therapeutics. While other competitors have
sought collaborators to obtain systemic delivery of RNAi, RXi now has its own
potential enabling delivery technology," added Dr. Woolf.
"If RXi is able to offer a new method for treating a broad range of diseases,
RNAi therapeutics could become as important as small molecules and antibody
drugs," said Steven A. Kriegsman, President and CEO of CytRx.
Licensed Nanotransporter Technology
Tariq M. Rana, Ph.D., Professor and Founding Director of the Program in Chemical
Biology at UMMS and developer of the nanotransporters, has reported activity
with RNAi delivered with nanotransporters in mouse models at 1 milligram per
kilogram - an exceptionally favorable dose. The nanotransporters are highly
uniform in structure and are readily formulated by simply mixing with RNAi
compounds. Results of this research were presented at the 2006 Keystone
Conference.
The RXi licensed technology also includes compounds for the potential treatment
of amyotrophic lateral sclerosis (ALS or Lou Gehrig's disease) that can be
delivered locally to the central nervous system. The ability to control gene
expression in the central nervous system has potentially far-reaching
implications for the treatment of a number of neurodegenerative diseases. In
addition, the technology includes methods of targeting point mutations with RNAi
that may be useful in targeting mutations that cause certain cancers and genetic
diseases.
About CytRx Corporation
CytRx Corporation is a biopharmaceutical research and development company
engaged in the development of high-value human therapeutics. The Company owns
three clinical-stage compounds based on its small molecule "molecular chaperone"
co-induction technology. In September 2006 CytRx announced that arimoclomol was
shown to be safe and well tolerated at all three doses tested in its Phase IIa
clinical trial in patients with ALS. The Company plans to enter a Phase IIb
clinical trial with arimoclomol in ALS in the third quarter of 2007, subject to
U.S. Food and Drug Administration (FDA) approval. The FDA has granted Fast Track
designation and Orphan Drug status to arimoclomol for the treatment of ALS. Also
in September 2006, CytRx announced receipt of $24.5 million in a non-dilutive
agreement with the privately funded ALS Charitable Remainder Trust to fund
continued arimoclomol development for the treatment for ALS in return for a 1%
royalty from potential worldwide sales of arimoclomol for the treatment of ALS.
The Greater Los Angeles Chapter of The ALS Association is the charitable
beneficiary of the ALS Charitable Remainder Trust. For more information on the
Company, visit CytRx's Web site at www.cytrx.com.
About RXi Pharmaceuticals Corporation
Massachusetts-based RXi is a biopharmaceutical research and development company
that will focus on developing RNAi-based therapeutics for the treatment of human
disease. RXi's initial focus will be on neurodegenerative diseases, oncology,
type 2 diabetes and obesity. RXi has licenses to a diverse series of early
patents and patent applications that were filed from 1998-2006 in the areas of
RNAi target sequences, RNAi chemistry and RNAi delivery. The company is co-owned
by CytRx and RNAi pioneers Craig C. Mello, Ph.D., 2006 Nobel Laureate for
co-discovering RNAi, Tariq M. Rana, Ph.D., inventor of fundamental technology
for stabilizing RNAi and of RNAi nanotransporters, Gregory J. Hannon, Ph.D.,
discoverer of RNAi mechanism (RISC) and short hairpin RNAi (shRNAi), and Michael
P. Czech, Ph.D., a leader in the application of RNAi to diabetes and obesity.
RXi's CEO, Tod Woolf, Ph.D., previously co-invented and commercialized
STEALTH(TM) RNAi, one of the most widely used second-generation RNAi research
products.
About the University of Massachusetts Medical School
The University of Massachusetts Medical School, one of the fastest growing
academic health centers in the country, has built a reputation as a world-class
research institution, consistently producing noteworthy advances in clinical and
basic research. UMMS attracts more than $174 million in research funding
annually, 80% of which comes from federal funding sources. Research funding
enables UMMS scientists to explore human disease from the molecular level to
large-scale clinical trials. Basic and clinical research leads to new approaches
for diagnosis, treatment and prevention of disease. Visit www.umassmed.edu for
additional information.
Forward-Looking Statements
This press release may contain forward-looking statements (statements as to
matters other than historical facts) as defined in the Private Securities
Litigation Reform Act of 1995 and in Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Such statements involve risks and uncertainties that could cause actual events
or results to differ materially from the events or results described in the
forward looking statements. Examples of such risks and uncertainties include,
but are not limited to, the need for RXi to obtain significant financing in the
coming months for which it does not yet have commitments, the need for RXi to
meet specified milestones to maintain the UMMS licenses, RXi's need to raise
significant capital to fund operations and development of its potential
products, the need to establish management and other infrastructure for the RXi
subsidiary, intense competition with other companies focused on RNAi and other
larger companies with RNAi programs and with other existing or new therapeutic
modalities, the early stage of development of RXi's technology, and the scope,
timing and outcome of pre-clinical and clinical testing and regulatory review of
RXi's potential products. Additional risks or uncertainties are described in
CytRx's most recently filed SEC documents, such as its most recent annual report
on Form 10-K, all quarterly reports on Form 10-Q and any current reports on Form
8-K filed since the date of the last Form 10-K. All forward-looking statements
are based upon information available to CytRx on the date the statements are
first published. CytRx undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.
SOURCE: CytRx Corporation
CONTACT: CytRx CorporationCEOcast, Inc.Dan Schustack, 212-732-4300dschustack@ceocast.com
Copyright Business Wire 2007
News for 'RBAK' - (DJ Redback Networks, Jabil Circuit Enter Manufacturing Pact)
Redback Networks Inc. (RBAK) and Jabil Circuit Inc. (JBL) have signed a manufacturing agreement under which Jabil will make certain products for Redback, according to a regulatory filing Friday.
The manufacturing deal has a one-year term, according to a Securities and Exchange Commission filing. Production volumes and pricing weren't included in the filing, but Redback said the two companies will decide those figures on a quarterly basis.
Redback, based in San Jose, provides telecommunications networking equipment. Jabil Circuit, St. Petersburg, Fla., provides electronic manufacturing services.
-Antonie Boessenkool, Dow Jones Newswires; 202-862-7139; antonie.boessenkool@dowjones.com
(END) Dow Jones Newswires
January 12, 2007 15:06 ET (20:06 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.- - 03 06 PM EST 01-12-07
News for 'RBAK' - (DJ Redback Networks, Jabil Circuit Enter Manufacturing Pact)
Redback Networks Inc. (RBAK) and Jabil Circuit Inc. (JBL) have signed a manufacturing agreement under which Jabil will make certain products for Redback, according to a regulatory filing Friday.
The manufacturing deal has a one-year term, according to a Securities and Exchange Commission filing. Production volumes and pricing weren't included in the filing, but Redback said the two companies will decide those figures on a quarterly basis.
Redback, based in San Jose, provides telecommunications networking equipment. Jabil Circuit, St. Petersburg, Fla., provides electronic manufacturing services.
-Antonie Boessenkool, Dow Jones Newswires; 202-862-7139; antonie.boessenkool@dowjones.com
(END) Dow Jones Newswires
January 12, 2007 15:06 ET (20:06 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.- - 03 06 PM EST 01-12-07
Neologics:
Once again, The Washington Post has published the winning submissions to its yearly neologism contest in which readers are asked to supply alternate meanings for common words.
The winners are:
1. Coffee (n.), the person upon whom one coughs.
2. Flabbergasted (adj.), appalled over how much weight you have gained.
3 . Abdicate (v.), to give up all hope of ever having a flat stomach.
4. Esplanade (v.), to attempt an explanation while drunk.
5. Willy-nilly (adj.), impotent.
6. Negligent (adj.), describes a condition in which you absentmindedly answer the door in your nightgown.
7. Lymph (v.), to walk with a lisp.
8. Gargoyle (n.), olive-flavored mouthwash.
9. Flatulence (n.) emergency vehicle that picks you up after you are run over by a steamroller.
10. Balderdash (n.), a rapidly receding hairline.
11. Testicle (n.), a humorous question on an exam.
12. Rectitude (n.), the formal, dignified bearing adopted by proctologists.
13. Pokemon (n), a Rastafarian proctologist.
14. Oyster (n.), a person who sprinkles his conversation with Yiddishisms.
15. Frisbeetarianism (n.), (back by popular demand): The belief that, when you die, your Soul flies up onto the roof and gets stuck there.
16. Circumvent (n.), an opening in the front of boxer shorts worn by Jewish men.
U.S. Dec. import prices rise 1.1% vs. 0.8% expected...
By Robert Schroeder
Last Update: 8:30 AM ET Jan 12, 2007
http://tinyurl.com/tfwhn
WASHINGTON (MarketWatch) -- Prices of goods imported into the United States climbed by 1.1% in December, led by big increases in the prices of imported petroleum and natural gas.
The December data from the Labor Department follows a revised 0.5% gain in November and suggests some inflationary pressure from abroad.
Imported petroleum prices rose by 4.8%, their biggest increase in seven months.
Imported natural gas prices climbed by 10.1% in December, following a gain of 43.2% in November.
Economists surveyed by MarketWatch were expecting import prices to climb by 0.8% in December. Year-over-year, import prices have climbed 2.5%.
U.S. Dec. import prices rise 1.1% vs. 0.8% expected...
By Robert Schroeder
Last Update: 8:30 AM ET Jan 12, 2007
http://tinyurl.com/tfwhn
WASHINGTON (MarketWatch) -- Prices of goods imported into the United States climbed by 1.1% in December, led by big increases in the prices of imported petroleum and natural gas.
The December data from the Labor Department follows a revised 0.5% gain in November and suggests some inflationary pressure from abroad.
Imported petroleum prices rose by 4.8%, their biggest increase in seven months.
Imported natural gas prices climbed by 10.1% in December, following a gain of 43.2% in November.
Economists surveyed by MarketWatch were expecting import prices to climb by 0.8% in December. Year-over-year, import prices have climbed 2.5%.
Hi! Peggy Sue...We have had rough week here...
My mother-in-law passed away Saturday evening, and I've been away from my normal routine all week...
I'll take a look at MDU sometime tomorrow for you...
I'm off to bed now...Good night...
Kohn sees moderate growth with lower inflation in 2007...
By Greg Robb
Last Update: 12:45 PM ET Jan 8, 2007
http://tinyurl.com/u7lsu
WASHINGTON (MarketWatch) -- Economic growth in 2007 will be moderate but sustainable, and inflation will be lower than it was in 2006, said Fed vice chair Donald Kohn on Monday.
"The economy appears to be weathering the downturn in housing with limited collateral effects and inflation appears to be easing with the aid of lower energy prices, well-anchored inflation expectations, and competitive labor and product markets," Kohn said in a speech prepared for delivery to the Atlanta Rotary Club.
But Kohn stressed it was too early for the Fed to lower its guard against inflation. His expectation of a very gradual decline in inflation was "by no means assured."
Kohn sees moderate growth with lower inflation in 2007...
By Greg Robb
Last Update: 12:45 PM ET Jan 8, 2007
http://tinyurl.com/u7lsu
WASHINGTON (MarketWatch) -- Economic growth in 2007 will be moderate but sustainable, and inflation will be lower than it was in 2006, said Fed vice chair Donald Kohn on Monday.
"The economy appears to be weathering the downturn in housing with limited collateral effects and inflation appears to be easing with the aid of lower energy prices, well-anchored inflation expectations, and competitive labor and product markets," Kohn said in a speech prepared for delivery to the Atlanta Rotary Club.
But Kohn stressed it was too early for the Fed to lower its guard against inflation. His expectation of a very gradual decline in inflation was "by no means assured."
I've noticed that Scottrade sucks lately...eom
I tried to buy 1MM shares online @ .0022
And it's now at .0025 X .0026
Scottrade must be short TGLE or something...I should've called my order in on the phone...
Scottrade isn't allowing online buys on TGLE today...
The error message says: "Call your local branch to place orders" ;^((
Yep...I only day trading AKAM these days...eom
News for 'RBAK' - (Headline Maker: Redback Networks Expects Lower Revenue for Fiscal Quarter Ended December 31, 2006)
Jan 08, 2007 (M2 PRESSWIRE via COMTEX) -- Redback Networks Inc. (NASDAQ:RBAK)
manages 50 million broadband connections for 15 of the top 20 telephone carriers
worldwide. Redback's multi-service routing platform delivers next generation
broadband services such as VoIP, IPTV and On-Demand Video. Redback Networks has
more than 500 carrier customers worldwide and is based in San Jose, CA. In 2006,
Redback marks its 10 year anniversary, celebrating ten years of broadband
innovation. For more information, visit Redback Networks at www.redback.com.
At the time of this writing shares are trading at $24.78 with over 20.9 million
in volume. Redback Networks Inc. (NASDAQ:RBAK) announced that it preliminarily
expects lower than anticipated revenue of approximately $64 million for the
fiscal quarter ended December 31, 2006.
MarketGainer.com has emerged as the most exciting online financial newsletter!
For international, small-cap investors who are looking to stay a step ahead of
the markets visit MarketGainer.com.
"The fourth quarter was our largest quarter ever for the SmartEdge products as
we experienced substantial quarter over quarter revenue growth and the
acquisition of several new large SmartEdge customers," said Kevin DeNuccio,
president and chief executive officer, Redback Networks. "Unfortunately we
failed to meet our revenue targets due to, among other reasons, distribution
channel disruptions caused by the timing of our proposed acquisition by
Ericsson, and lower than expected revenue from our older SMS product line as we
transitioned our largest SMS customers in the fourth quarter to our SmartEdge
products. We expect that substantially all of the delayed purchases will become
revenue in 2007."
Mr. DeNuccio continued, "We are excited about the progress we made last quarter
with our SmartEdge product line, and the positive reactions of our customers to
the Ericsson proposed acquisition. I want to assure our shareholders, customers
and employees that Ericsson's plans for the pending transaction remain
unchanged."
The full financial details of the quarter's results will be presented at
Redback's regularly scheduled fiscal fourth quarter 2006 results conference call
on January 30, 2007 at 1:45 p.m. Pacific Time. The details of the call and
webcast are as follows:
Date: Tuesday, January 30, 2007 Time: 1:45 p.m. PT/2:45 MT/3:45 CT/4:45 ET
Domestic Dial-in phone number: 1-800-559-2403 International Dial-in phone
number: 1-847-619-6534 Passcode: 16677677
Webcast: You can also participate in the conference call via your computer by
registering your name on Redback's Investor Center at: http://ir.redback.com.
The conference call will be archived on Redback's Investor Center website. A
replay will be accessible by telephone one hour after conclusion of the call
until February 26, 2007.
To ensure that the conference begins in a timely manner, please dial in 10
minutes prior to the scheduled start time.
To view more of today's articles and comparables join us at www.marketgainer.com
for a complimentary subscription to the most exciting online financial
newsletter on the markets. No Credit Card information needed.
The Financial Information and Financial Content provided by Marketgainer.com is
for informational purposes only and should not be used or construed as an offer
to sell, a solicitation of an offer to buy, or endorsement, recommendations, or
sponsorship of any company or security by Marketgainer.com. You acknowledge and
agree that any request for information is unsolicited and shall neither
constitute nor be construed as investment advice by Marketgainer.com to you. It
is strongly recommended that you seek outside advice from a qualified securities
professional prior to making any securities investment. Marketgainer.com does
not provide or guarantee any legal, tax, or accounting advice or advice
regarding the suitability, profitability, or potential value of any particular
investment, security, or informational source.
All material herein was prepared by based upon information believed to be
reliable. The information contained herein is not guaranteed by Market Gainer to
be accurate, and should not be considered to be all-inclusive. The companies
that are discussed in this opinion have not approved the statements made in this
opinion. This opinion contains forward-looking statements that involve risks and
uncertainties. This material is for informational purposes only and should not
be construed as an offer or solicitation of an offer to buy or sell securities.
Market Gainer is not a licensed broker, broker dealer, market maker, investment
banker, investment advisor, analyst or underwriter. Please consult a broker
before purchasing or selling any securities viewed on or mentioned herein.
This release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words such as "may",
"future", "plan" or "planned", "will" or "should", "expected," "anticipates",
"draft", "eventually" or "projected". You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those projected in
the forward-looking statements, including the risks that actual results may
differ materially from those projected in the forward-looking statements as a
result of various factors, and other risks identified in a companies' annual
report on Form 10-K or 10-KSB and other filings made by such company with the
Securities and Exchange Commission.
M2 Communications Ltd disclaims all liability for information provided within M2
PressWIRE. Data supplied by named party/parties. Further information on M2
PressWIRE can be obtained at http://www.presswire.net on the world wide web.
Inquiries to info@m2.com.
(C)1994-2007 M2 COMMUNICATIONS LTD.
News for 'RBAK' - (Headline Maker: Redback Networks Expects Lower Revenue for Fiscal Quarter Ended December 31, 2006)
Jan 08, 2007 (M2 PRESSWIRE via COMTEX) -- Redback Networks Inc. (NASDAQ:RBAK)
manages 50 million broadband connections for 15 of the top 20 telephone carriers
worldwide. Redback's multi-service routing platform delivers next generation
broadband services such as VoIP, IPTV and On-Demand Video. Redback Networks has
more than 500 carrier customers worldwide and is based in San Jose, CA. In 2006,
Redback marks its 10 year anniversary, celebrating ten years of broadband
innovation. For more information, visit Redback Networks at www.redback.com.
At the time of this writing shares are trading at $24.78 with over 20.9 million
in volume. Redback Networks Inc. (NASDAQ:RBAK) announced that it preliminarily
expects lower than anticipated revenue of approximately $64 million for the
fiscal quarter ended December 31, 2006.
MarketGainer.com has emerged as the most exciting online financial newsletter!
For international, small-cap investors who are looking to stay a step ahead of
the markets visit MarketGainer.com.
"The fourth quarter was our largest quarter ever for the SmartEdge products as
we experienced substantial quarter over quarter revenue growth and the
acquisition of several new large SmartEdge customers," said Kevin DeNuccio,
president and chief executive officer, Redback Networks. "Unfortunately we
failed to meet our revenue targets due to, among other reasons, distribution
channel disruptions caused by the timing of our proposed acquisition by
Ericsson, and lower than expected revenue from our older SMS product line as we
transitioned our largest SMS customers in the fourth quarter to our SmartEdge
products. We expect that substantially all of the delayed purchases will become
revenue in 2007."
Mr. DeNuccio continued, "We are excited about the progress we made last quarter
with our SmartEdge product line, and the positive reactions of our customers to
the Ericsson proposed acquisition. I want to assure our shareholders, customers
and employees that Ericsson's plans for the pending transaction remain
unchanged."
The full financial details of the quarter's results will be presented at
Redback's regularly scheduled fiscal fourth quarter 2006 results conference call
on January 30, 2007 at 1:45 p.m. Pacific Time. The details of the call and
webcast are as follows:
Date: Tuesday, January 30, 2007 Time: 1:45 p.m. PT/2:45 MT/3:45 CT/4:45 ET
Domestic Dial-in phone number: 1-800-559-2403 International Dial-in phone
number: 1-847-619-6534 Passcode: 16677677
Webcast: You can also participate in the conference call via your computer by
registering your name on Redback's Investor Center at: http://ir.redback.com.
The conference call will be archived on Redback's Investor Center website. A
replay will be accessible by telephone one hour after conclusion of the call
until February 26, 2007.
To ensure that the conference begins in a timely manner, please dial in 10
minutes prior to the scheduled start time.
To view more of today's articles and comparables join us at www.marketgainer.com
for a complimentary subscription to the most exciting online financial
newsletter on the markets. No Credit Card information needed.
The Financial Information and Financial Content provided by Marketgainer.com is
for informational purposes only and should not be used or construed as an offer
to sell, a solicitation of an offer to buy, or endorsement, recommendations, or
sponsorship of any company or security by Marketgainer.com. You acknowledge and
agree that any request for information is unsolicited and shall neither
constitute nor be construed as investment advice by Marketgainer.com to you. It
is strongly recommended that you seek outside advice from a qualified securities
professional prior to making any securities investment. Marketgainer.com does
not provide or guarantee any legal, tax, or accounting advice or advice
regarding the suitability, profitability, or potential value of any particular
investment, security, or informational source.
All material herein was prepared by based upon information believed to be
reliable. The information contained herein is not guaranteed by Market Gainer to
be accurate, and should not be considered to be all-inclusive. The companies
that are discussed in this opinion have not approved the statements made in this
opinion. This opinion contains forward-looking statements that involve risks and
uncertainties. This material is for informational purposes only and should not
be construed as an offer or solicitation of an offer to buy or sell securities.
Market Gainer is not a licensed broker, broker dealer, market maker, investment
banker, investment advisor, analyst or underwriter. Please consult a broker
before purchasing or selling any securities viewed on or mentioned herein.
This release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words such as "may",
"future", "plan" or "planned", "will" or "should", "expected," "anticipates",
"draft", "eventually" or "projected". You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those projected in
the forward-looking statements, including the risks that actual results may
differ materially from those projected in the forward-looking statements as a
result of various factors, and other risks identified in a companies' annual
report on Form 10-K or 10-KSB and other filings made by such company with the
Securities and Exchange Commission.
M2 Communications Ltd disclaims all liability for information provided within M2
PressWIRE. Data supplied by named party/parties. Further information on M2
PressWIRE can be obtained at http://www.presswire.net on the world wide web.
Inquiries to info@m2.com.
(C)1994-2007 M2 COMMUNICATIONS LTD.
News for 'RBAK' - (Headline Maker: Redback Networks Expects Lower Revenue for Fiscal Quarter Ended December 31, 2006)
Jan 08, 2007 (M2 PRESSWIRE via COMTEX) -- Redback Networks Inc. (NASDAQ:RBAK)
manages 50 million broadband connections for 15 of the top 20 telephone carriers
worldwide. Redback's multi-service routing platform delivers next generation
broadband services such as VoIP, IPTV and On-Demand Video. Redback Networks has
more than 500 carrier customers worldwide and is based in San Jose, CA. In 2006,
Redback marks its 10 year anniversary, celebrating ten years of broadband
innovation. For more information, visit Redback Networks at www.redback.com.
At the time of this writing shares are trading at $24.78 with over 20.9 million
in volume. Redback Networks Inc. (NASDAQ:RBAK) announced that it preliminarily
expects lower than anticipated revenue of approximately $64 million for the
fiscal quarter ended December 31, 2006.
MarketGainer.com has emerged as the most exciting online financial newsletter!
For international, small-cap investors who are looking to stay a step ahead of
the markets visit MarketGainer.com.
"The fourth quarter was our largest quarter ever for the SmartEdge products as
we experienced substantial quarter over quarter revenue growth and the
acquisition of several new large SmartEdge customers," said Kevin DeNuccio,
president and chief executive officer, Redback Networks. "Unfortunately we
failed to meet our revenue targets due to, among other reasons, distribution
channel disruptions caused by the timing of our proposed acquisition by
Ericsson, and lower than expected revenue from our older SMS product line as we
transitioned our largest SMS customers in the fourth quarter to our SmartEdge
products. We expect that substantially all of the delayed purchases will become
revenue in 2007."
Mr. DeNuccio continued, "We are excited about the progress we made last quarter
with our SmartEdge product line, and the positive reactions of our customers to
the Ericsson proposed acquisition. I want to assure our shareholders, customers
and employees that Ericsson's plans for the pending transaction remain
unchanged."
The full financial details of the quarter's results will be presented at
Redback's regularly scheduled fiscal fourth quarter 2006 results conference call
on January 30, 2007 at 1:45 p.m. Pacific Time. The details of the call and
webcast are as follows:
Date: Tuesday, January 30, 2007 Time: 1:45 p.m. PT/2:45 MT/3:45 CT/4:45 ET
Domestic Dial-in phone number: 1-800-559-2403 International Dial-in phone
number: 1-847-619-6534 Passcode: 16677677
Webcast: You can also participate in the conference call via your computer by
registering your name on Redback's Investor Center at: http://ir.redback.com.
The conference call will be archived on Redback's Investor Center website. A
replay will be accessible by telephone one hour after conclusion of the call
until February 26, 2007.
To ensure that the conference begins in a timely manner, please dial in 10
minutes prior to the scheduled start time.
To view more of today's articles and comparables join us at www.marketgainer.com
for a complimentary subscription to the most exciting online financial
newsletter on the markets. No Credit Card information needed.
The Financial Information and Financial Content provided by Marketgainer.com is
for informational purposes only and should not be used or construed as an offer
to sell, a solicitation of an offer to buy, or endorsement, recommendations, or
sponsorship of any company or security by Marketgainer.com. You acknowledge and
agree that any request for information is unsolicited and shall neither
constitute nor be construed as investment advice by Marketgainer.com to you. It
is strongly recommended that you seek outside advice from a qualified securities
professional prior to making any securities investment. Marketgainer.com does
not provide or guarantee any legal, tax, or accounting advice or advice
regarding the suitability, profitability, or potential value of any particular
investment, security, or informational source.
All material herein was prepared by based upon information believed to be
reliable. The information contained herein is not guaranteed by Market Gainer to
be accurate, and should not be considered to be all-inclusive. The companies
that are discussed in this opinion have not approved the statements made in this
opinion. This opinion contains forward-looking statements that involve risks and
uncertainties. This material is for informational purposes only and should not
be construed as an offer or solicitation of an offer to buy or sell securities.
Market Gainer is not a licensed broker, broker dealer, market maker, investment
banker, investment advisor, analyst or underwriter. Please consult a broker
before purchasing or selling any securities viewed on or mentioned herein.
This release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words such as "may",
"future", "plan" or "planned", "will" or "should", "expected," "anticipates",
"draft", "eventually" or "projected". You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those projected in
the forward-looking statements, including the risks that actual results may
differ materially from those projected in the forward-looking statements as a
result of various factors, and other risks identified in a companies' annual
report on Form 10-K or 10-KSB and other filings made by such company with the
Securities and Exchange Commission.
M2 Communications Ltd disclaims all liability for information provided within M2
PressWIRE. Data supplied by named party/parties. Further information on M2
PressWIRE can be obtained at http://www.presswire.net on the world wide web.
Inquiries to info@m2.com.
(C)1994-2007 M2 COMMUNICATIONS LTD.
News for 'AKAM' - (Akamai to Hold Fourth Quarter and Full-Year 2006 Investor Conference Call on Wednesday, February 7th at 4:30 PM ET)
CAMBRIDGE, Mass., Jan 08, 2007 (BUSINESS WIRE) -- Akamai Technologies, Inc.
(NASDAQ: AKAM), the leading global service provider for accelerating content and
business processes online, announced today that the company will hold a
conference call for investors on Wednesday, February 7, 2007 at 4:30 p.m. ET.
The call will include the company's fourth quarter 2006 and year-end financial
results.
Akamai's conference call can be accessed through 1-888-689-4521 (or
1-706-645-9202 for international calls). A live Webcast of the call can be
accessed at www.akamai.com. In addition, a replay of the call will be available
for one week following the conference through the Akamai Website or by calling
1-800-642-1687 (or 1-706-645-9291 for international calls) and using conference
ID No. 5848965.
About Akamai
Akamai(R) is the leading global service provider for accelerating content and
business processes online. Thousands of organizations have formed trusted
relationships with Akamai, improving their revenue and reducing costs by
maximizing the performance of their online businesses. Leveraging the Akamai
EdgePlatform, these organizations gain business advantage today, and have the
foundation for the emerging Web solutions of tomorrow. Akamai is "The Trusted
Choice for Online Business." For more information, visit www.akamai.com.
Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects
of Akamai Technologies, Inc.'s management that constitute forward-looking
statements for purposes of the safe harbor provisions under The Private
Securities Litigation Reform Act of 1995. Actual results may differ materially
from those indicated by these forward-looking statements as a result of various
important factors including, but not limited to, the effects of any unexpected
difficulty in closing our financial books for the quarter and other factors that
are discussed in the Company's Annual Report on Form 10-K, quarterly reports on
Form 10-Q, and other documents periodically filed with the SEC.
SOURCE: Akamai Technologies, Inc.
CONTACT: Akamai Technologies, Inc.Media Relations:Jeff Young, 617-444-3913jyoung@akamai.comorInvestor Relations:Sandra Smith, 617-444-2804ssmith@akamai.com
Copyright Business Wire 2007
News for 'AKAM' - (Akamai to Hold Fourth Quarter and Full-Year 2006 Investor Conference Call on Wednesday, February 7th at 4:30 PM ET)
CAMBRIDGE, Mass., Jan 08, 2007 (BUSINESS WIRE) -- Akamai Technologies, Inc.
(NASDAQ: AKAM), the leading global service provider for accelerating content and
business processes online, announced today that the company will hold a
conference call for investors on Wednesday, February 7, 2007 at 4:30 p.m. ET.
The call will include the company's fourth quarter 2006 and year-end financial
results.
Akamai's conference call can be accessed through 1-888-689-4521 (or
1-706-645-9202 for international calls). A live Webcast of the call can be
accessed at www.akamai.com. In addition, a replay of the call will be available
for one week following the conference through the Akamai Website or by calling
1-800-642-1687 (or 1-706-645-9291 for international calls) and using conference
ID No. 5848965.
About Akamai
Akamai(R) is the leading global service provider for accelerating content and
business processes online. Thousands of organizations have formed trusted
relationships with Akamai, improving their revenue and reducing costs by
maximizing the performance of their online businesses. Leveraging the Akamai
EdgePlatform, these organizations gain business advantage today, and have the
foundation for the emerging Web solutions of tomorrow. Akamai is "The Trusted
Choice for Online Business." For more information, visit www.akamai.com.
Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects
of Akamai Technologies, Inc.'s management that constitute forward-looking
statements for purposes of the safe harbor provisions under The Private
Securities Litigation Reform Act of 1995. Actual results may differ materially
from those indicated by these forward-looking statements as a result of various
important factors including, but not limited to, the effects of any unexpected
difficulty in closing our financial books for the quarter and other factors that
are discussed in the Company's Annual Report on Form 10-K, quarterly reports on
Form 10-Q, and other documents periodically filed with the SEC.
SOURCE: Akamai Technologies, Inc.
CONTACT: Akamai Technologies, Inc.Media Relations:Jeff Young, 617-444-3913jyoung@akamai.comorInvestor Relations:Sandra Smith, 617-444-2804ssmith@akamai.com
Copyright Business Wire 2007
News for 'AKAM' - (Akamai to Hold Fourth Quarter and Full-Year 2006 Investor Conference Call on Wednesday, February 7th at 4:30 PM ET)
CAMBRIDGE, Mass., Jan 08, 2007 (BUSINESS WIRE) -- Akamai Technologies, Inc.
(NASDAQ: AKAM), the leading global service provider for accelerating content and
business processes online, announced today that the company will hold a
conference call for investors on Wednesday, February 7, 2007 at 4:30 p.m. ET.
The call will include the company's fourth quarter 2006 and year-end financial
results.
Akamai's conference call can be accessed through 1-888-689-4521 (or
1-706-645-9202 for international calls). A live Webcast of the call can be
accessed at www.akamai.com. In addition, a replay of the call will be available
for one week following the conference through the Akamai Website or by calling
1-800-642-1687 (or 1-706-645-9291 for international calls) and using conference
ID No. 5848965.
About Akamai
Akamai(R) is the leading global service provider for accelerating content and
business processes online. Thousands of organizations have formed trusted
relationships with Akamai, improving their revenue and reducing costs by
maximizing the performance of their online businesses. Leveraging the Akamai
EdgePlatform, these organizations gain business advantage today, and have the
foundation for the emerging Web solutions of tomorrow. Akamai is "The Trusted
Choice for Online Business." For more information, visit www.akamai.com.
Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects
of Akamai Technologies, Inc.'s management that constitute forward-looking
statements for purposes of the safe harbor provisions under The Private
Securities Litigation Reform Act of 1995. Actual results may differ materially
from those indicated by these forward-looking statements as a result of various
important factors including, but not limited to, the effects of any unexpected
difficulty in closing our financial books for the quarter and other factors that
are discussed in the Company's Annual Report on Form 10-K, quarterly reports on
Form 10-Q, and other documents periodically filed with the SEC.
SOURCE: Akamai Technologies, Inc.
CONTACT: Akamai Technologies, Inc.Media Relations:Jeff Young, 617-444-3913jyoung@akamai.comorInvestor Relations:Sandra Smith, 617-444-2804ssmith@akamai.com
Copyright Business Wire 2007
COMPOSITE TECHNOLOGY ANNOUNCES NEW CFO
Kevin Smith Joins Company as CFO with Industry Experience
IRVINE, CA, January 8, 2007– Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC) announced today the addition of Kevin Smith as Chief Financial Officer. Mr. Smith previously held the position of Senior Vice President and Chief Financial Officer (CFO) with Edison Mission Energy (EME), a subsidiary of Edison International, which also owns Southern California Edison, one of the largest utilities in the US. During his tenure at EME, Mr. Smith took on increasing responsibilities while the company grew from 30 to 3,000 employees. During his six years as CFO for EME, the company owned power generation assets in 10 countries and reported revenues in excess of $2 billion.
Kevin Smith, newly appointed CFO, stated, “I am delighted to join CTC. The company is on the brink of dramatic growth in both of its business lines and I look forward to being part of the transformation.”
Benton Wilcoxon, CEO stated, “I am pleased to welcome Kevin to our management team. With a distinguished background from within the industry he brings a unique inside perspective and highly valuable knowledge base to CTC. We expect that his depth of experience and broad skill sets will make a strong contribution to our growing organization.”
About CTC:
Composite Technology Corporation, based in Irvine, California, USA develops, manufactures and sells high performance electrical transmission and renewable energy generation products through its subsidiaries:
• DeWind, Inc., and DeWind Ltd.(formerly EU Energy Wind Ltd) produce, sell, and license the DeWind series of wind energy turbines including the 50Hz D6 rated at 1.25 megawatts (MW) and the 50Hz D8 rated at 2MW, both noted for their reliability. In 2007, the first new 2MW D8.2 turbines are planned to be delivered to North American customers from assembly operations at TECO Westinghouse Motor Company in Texas. The D8.2 utilizes the advanced WinDrive® hydrodynamic torque converter developed by Voith AG with a synchronous AC generator that is able to connect directly to the grid without the use of power conversion electronics. The DeWind D8.2 will be available in both a 60Hz and 50Hz version.
•CTC Cable Corporation, produces composite rod for use in its proprietary ACCC aluminum conductor composite core. ACCC conductors virtually eliminate the sag in power lines caused by high current and high line temperatures. ACCC conductors also reduce electricity line losses, and have demonstrated significant savings in capital and operating expenses when substituted for other conductors. ACCC conductors enable grid operators to eliminate blackouts and brownouts, providing a ‘reserve electrical capacity’ by operating at higher temperatures. ACCC conductors are an innovative solution for reconductoring power lines, constructing new lines and crossing large spans. ACCC composite rod is delivered to qualified conductor manufacturers worldwide for local ACCC conductor production and resale into local markets.
For further information visit our websites: www.compositetechcorp.com & www.eunrg.com. For Investor Relations Contact: James Carswell, +1- 949-428 8500
This press release may contain forward-looking statements, as defined in the Securities Reform Act of 1995 (the "Reform Act"). The safe harbor for forward-looking statements provided to companies by the Reform Act does not apply to Composite Technology Corporation (Company). However, actual events or results may differ from the Company's expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties including, but not limited to, competition with larger companies, development of and demand for a new technology, risks associated with a startup company, risks associated with international transactions, the ability of the company to convert quotations and framework agreements into firm orders, general economic conditions, the availability of funds for capital expenditure by customers, availability of timely financing, cash flow, securing sufficient quantities of essential raw materials, timely delivery by suppliers, successful integration of the EU Energy acquisition, ability to produce the turbines and acquire its components, ability to maintain quality control, collection-related and currency risks from international transactions, the successful outcome of joint venture negotiations, or the Company's ability to manage growth. Other risk factors attributable to the Company's business may affect the actual results achieved by the Company including those that are found in the Company's Annual Report filed with the SEC on Form 10-K for fiscal year ended September 30, 2006 and subsequent Quarterly Reports on Form 10-Q and subsequent Current Reports filed on Form 8-K that will be included with or prior to the filing of the Company’s next Quarterly or Annual Report.
enews@compositetechcorp.com
http://www.compositetechcorp.com
What Starts with F and ends with K
A first-grade teacher, Ms. Brooks, was having trouble with one of her students. The teacher asked, "Harry, what's your problem?"
Harry answered, "I'm too smart for the 1st grade. My sister is in the 3rd grade and I'm smarter than she is! I th ink I should be in the 3rd grade too!"
Ms. Brooks had had enough. She took Harry to the principal's office.
While Harry waited in the outer office, the teacher explained to the principal what the situation was. The principal told Ms. Brooks he would give the boy a test. If he failed to answer an y of his questions he was to go back to the 1st grade and behave. She agreed.
Harry was brought in and the conditions were explained to him and he agreed to take the test.
Principal: "What is 3 x 3?"
Harry: "9."
Principal: "What is 6 x 6?"
Harry: "36."
And so it went with every question the principal thought a 3 rd grader should know.
The principal looks at Ms. Brooks and ! tells h er, "I think Harry can go to the 3rd grade."
Ms. Brooks says to the principal, "Let me ask him some questions."
The principal and Harry both agreed.
Ms. Brooks asks, "What does a cow have four of that I have only two of?"
Harry, after a moment: "Legs."
Ms. Brooks: "What is in your pants that you have but I do not have?"
The principal wondered why would she ask such a question!
Harry replied: "Pockets."
Ms. Brooks: "What does a dog do that a man steps in to?"
Harry: "Pants."
Ms. Brooks: What starts with a C, ends with a T, is hairy, oval, delicious and contains thin, whitish liquid?"
Harry: "Coconut."
The principal sat forward with his mouth hanging open.
Ms. Brooks: "What goes in hard and pink then comes out soft a! nd stic ky?"
The principal's eyes opened really wide and before he could stop the answer, Harry replied, "Bubble gum."
Ms. Brooks: "What does a man do standing up, a woman does sitting down and a d og does on three legs?"
Harry: "Shake hands."
The principal was trembling.
Ms. Brooks: "What word starts with an 'F' and ends in 'K' that means a lot of heat and excitement?"
Harry: "Firetruck."
The principal breathed a sigh of relief and told the teacher, "Put Harry in the fifth-grade, I got the last seven questions wrong......
What Starts with F and ends with K
A first-grade teacher, Ms. Brooks, was having trouble with one of her students. The teacher asked, "Harry, what's your problem?"
Harry answered, "I'm too smart for the 1st grade. My sister is in the 3rd grade and I'm smarter than she is! I th ink I should be in the 3rd grade too!"
Ms. Brooks had had enough. She took Harry to the principal's office.
While Harry waited in the outer office, the teacher explained to the principal what the situation was. The principal told Ms. Brooks he would give the boy a test. If he failed to answer an y of his questions he was to go back to the 1st grade and behave. She agreed.
Harry was brought in and the conditions were explained to him and he agreed to take the test.
Principal: "What is 3 x 3?"
Harry: "9."
Principal: "What is 6 x 6?"
Harry: "36."
And so it went with every question the principal thought a 3 rd grader should know.
The principal looks at Ms. Brooks and ! tells h er, "I think Harry can go to the 3rd grade."
Ms. Brooks says to the principal, "Let me ask him some questions."
The principal and Harry both agreed.
Ms. Brooks asks, "What does a cow have four of that I have only two of?"
Harry, after a moment: "Legs."
Ms. Brooks: "What is in your pants that you have but I do not have?"
The principal wondered why would she ask such a question!
Harry replied: "Pockets."
Ms. Brooks: "What does a dog do that a man steps in to?"
Harry: "Pants."
Ms. Brooks: What starts with a C, ends with a T, is hairy, oval, delicious and contains thin, whitish liquid?"
Harry: "Coconut."
The principal sat forward with his mouth hanging open.
Ms. Brooks: "What goes in hard and pink then comes out soft a! nd stic ky?"
The principal's eyes opened really wide and before he could stop the answer, Harry replied, "Bubble gum."
Ms. Brooks: "What does a man do standing up, a woman does sitting down and a d og does on three legs?"
Harry: "Shake hands."
The principal was trembling.
Ms. Brooks: "What word starts with an 'F' and ends in 'K' that means a lot of heat and excitement?"
Harry: "Firetruck."
The principal breathed a sigh of relief and told the teacher, "Put Harry in the fifth-grade, I got the last seven questions wrong......
Doris and Fred had started their retirement years and decided to raise some extra cash by advertising for a tenant for their terrace house.
After a few days, a young attractive woman applied for the room and explained that she was a model working in a nearby city center studio for a few weeks and that she would like the room from Mondays to Thursdays, but would pay for the whole week.
Doris showed her the house and they agreed to start straight away.
"There's just one problem," explained the model. "Because of my job, I have to take a bath every night, and I notice you don't have a bath."
That's not a problem," replied Doris . "We have a tin bath out in the yard and we bring it in to the living room in front of the fire and fill it with hot water."
"What about your husband?" asked the model.
Oh, he plays darts most weekdays, so he will be out in the evenings," replied Doris.
"Good," said the model. "Now that that's settled, I'll go to the studio and see you tonight."
That evening, Fred dutifully went to his darts match while Doris prepared the bath for the model. After stripping off, the model stepped into the bath.
Doris was amazed to see that she had no pubic hair. The model noticed Doris 's staring eyes, so she smiled and explained that it is part of her job to shave herself, especially when modeling swimwear or underclothes.
Later when Fred returned, Doris related this oddity and he did not believe her.
"It's true, I tell you!" said Doris . "Look, if you don't believe me, tomorrow night I'll leave the curtains slightly open and you can peek in and see for yourself."
-The next night, Fred left as usual and Doris prepared the bath for the model.
As the model stepped naked into the bath, Doris stood behind her.
Doris looked towards the curtains and pointed towards the model's naked pubic area.
Then she lifted up her skirt and, wearing no panties, pointed to her own hairy mass.
Later Fred returned and they retired to bed.
"Well, do you believe me now?" she asked Fred.
"Yes," he replied. "I've never seen anything like it in my life.
But why did you lift up your skirt and show yourself?"
"Just to show you the difference." answered Doris . "But I guess you've seen me millions of times."
"Yes," said Fred, "I have - but the rest of the dart team hadn't."
Doris and Fred had started their retirement years and decided to raise some extra cash by advertising for a tenant for their terrace house.
After a few days, a young attractive woman applied for the room and explained that she was a model working in a nearby city center studio for a few weeks and that she would like the room from Mondays to Thursdays, but would pay for the whole week.
Doris showed her the house and they agreed to start straight away.
"There's just one problem," explained the model. "Because of my job, I have to take a bath every night, and I notice you don't have a bath."
That's not a problem," replied Doris . "We have a tin bath out in the yard and we bring it in to the living room in front of the fire and fill it with hot water."
"What about your husband?" asked the model.
Oh, he plays darts most weekdays, so he will be out in the evenings," replied Doris.
"Good," said the model. "Now that that's settled, I'll go to the studio and see you tonight."
That evening, Fred dutifully went to his darts match while Doris prepared the bath for the model. After stripping off, the model stepped into the bath.
Doris was amazed to see that she had no pubic hair. The model noticed Doris 's staring eyes, so she smiled and explained that it is part of her job to shave herself, especially when modeling swimwear or underclothes.
Later when Fred returned, Doris related this oddity and he did not believe her.
"It's true, I tell you!" said Doris . "Look, if you don't believe me, tomorrow night I'll leave the curtains slightly open and you can peek in and see for yourself."
-The next night, Fred left as usual and Doris prepared the bath for the model.
As the model stepped naked into the bath, Doris stood behind her.
Doris looked towards the curtains and pointed towards the model's naked pubic area.
Then she lifted up her skirt and, wearing no panties, pointed to her own hairy mass.
Later Fred returned and they retired to bed.
"Well, do you believe me now?" she asked Fred.
"Yes," he replied. "I've never seen anything like it in my life.
But why did you lift up your skirt and show yourself?"
"Just to show you the difference." answered Doris . "But I guess you've seen me millions of times."
"Yes," said Fred, "I have - but the rest of the dart team hadn't."
Weekly Recap - Week ending 22-Dec-06
The market sagged this past week. The S&P 500 lost all of the gains from the previous week, and the Nasdaq lost even more.
There were no major reasons for the decline and no sharp moves. The recent momentum simply gave way as the S&P 500 index lost 5 points on three seperate days, 2 points on one, and managed a single up day of just 3 points.
The news this week was mixed. The economic reports brought good news on the inflation front, but there were soft economic reports. On Tuesday, it was reported that November PPI had surged 2.0%. That followed a 1.6% drop the prior month, however, and the big jump represented a rebound in a number of key categories, not any underlying price pressures. The core rate followed a very similar pattern of jumping 1.3% in November after a 0.9% October drop.
More significant was the flat November core PCE deflator reported on Friday. That mirrored the previously reported 0.0% for the core November CPI. The year-over-year change in the core PCE deflator dipped to 2.2%. This is the Fed's favorite inflation measure, and the year-over-year rate is sinking back towards the Fed's comfort zone.
The economic news was less bullish. November housing starts bounced 6.7% and appear to be bottoming. That is definitely good news. But there were signs of weakening trends in manufacturing and business investment. November durable goods orders jumped 1.9%, but excluding transportation the change was a weaker than expected -1.1%. The underlying trends in orders are weak, and the year-over-year increase in total orders is now just 0.3%.
The December Philadelphia Fed index reflected a declining manufacturing sector. It was -4.3 from 5.1 in November. This is just one regional monthly survey, but was taken as a signal of an overall weakening trend.
Also released this past week, but of little significance, was a slight downward revision to third quarter real GDP growth to a 2.0% annual rate from a previous 2.2% rate, a weekly unemployment claims level near recent trends of 315,000, and November personal income and spending increases in line with expectations.
The corporate news was slightly bullish. Morgan Stanley, FedEx, Accenture, Nike, General Mills, Micron, and Walgreen all had good earnings reports. Earnings warnings were light for this time of the quarter. Qualcomm and Palm were about the only noteworthy ones. None of the above had broad impact.
More significant was the fact that Oracle stock took a plunge on Tuesday after their earnings report on Monday afternoon. Revenue and profit were in line with expectations, but the company fell a tad short on a key line for new license revenue. The (over)reaction suggests some fragility in tech stocks. This, along with a sharp decline in Google stock, helps explain why the Nasdaq underperformed this week.
The soft trend this week hasn't done much to dissuade traders that a classic "Santa Claus rally" is likely. The market tends to rise in the final days of the year and the first couple of days in the new year. There are concerns, however, that a consolidation of some degree might hit in January.
Oil prices ended the week at $62.41 a barrel, which is still in a acceptable range for stocks. The 10-year note yield ended at 4.62%, little changed from 4.60% a week prior.
Index Started Week Ended Week Change %Change YTD
DJIA 12445.52 12343.22 -102.30 -0.8% 15.2%
Nasdaq 2457.20 2401.18 -56.02 -2.3% 8.9%
S&P 500 1427.09 1410.76 -16.33 -1.1% 13.0%
Russell2K 792.71 780.82 -11.89 -1.5% 16.0%
Weekly Recap - Week ending 22-Dec-06
The market sagged this past week. The S&P 500 lost all of the gains from the previous week, and the Nasdaq lost even more.
There were no major reasons for the decline and no sharp moves. The recent momentum simply gave way as the S&P 500 index lost 5 points on three seperate days, 2 points on one, and managed a single up day of just 3 points.
The news this week was mixed. The economic reports brought good news on the inflation front, but there were soft economic reports. On Tuesday, it was reported that November PPI had surged 2.0%. That followed a 1.6% drop the prior month, however, and the big jump represented a rebound in a number of key categories, not any underlying price pressures. The core rate followed a very similar pattern of jumping 1.3% in November after a 0.9% October drop.
More significant was the flat November core PCE deflator reported on Friday. That mirrored the previously reported 0.0% for the core November CPI. The year-over-year change in the core PCE deflator dipped to 2.2%. This is the Fed's favorite inflation measure, and the year-over-year rate is sinking back towards the Fed's comfort zone.
The economic news was less bullish. November housing starts bounced 6.7% and appear to be bottoming. That is definitely good news. But there were signs of weakening trends in manufacturing and business investment. November durable goods orders jumped 1.9%, but excluding transportation the change was a weaker than expected -1.1%. The underlying trends in orders are weak, and the year-over-year increase in total orders is now just 0.3%.
The December Philadelphia Fed index reflected a declining manufacturing sector. It was -4.3 from 5.1 in November. This is just one regional monthly survey, but was taken as a signal of an overall weakening trend.
Also released this past week, but of little significance, was a slight downward revision to third quarter real GDP growth to a 2.0% annual rate from a previous 2.2% rate, a weekly unemployment claims level near recent trends of 315,000, and November personal income and spending increases in line with expectations.
The corporate news was slightly bullish. Morgan Stanley, FedEx, Accenture, Nike, General Mills, Micron, and Walgreen all had good earnings reports. Earnings warnings were light for this time of the quarter. Qualcomm and Palm were about the only noteworthy ones. None of the above had broad impact.
More significant was the fact that Oracle stock took a plunge on Tuesday after their earnings report on Monday afternoon. Revenue and profit were in line with expectations, but the company fell a tad short on a key line for new license revenue. The (over)reaction suggests some fragility in tech stocks. This, along with a sharp decline in Google stock, helps explain why the Nasdaq underperformed this week.
The soft trend this week hasn't done much to dissuade traders that a classic "Santa Claus rally" is likely. The market tends to rise in the final days of the year and the first couple of days in the new year. There are concerns, however, that a consolidation of some degree might hit in January.
Oil prices ended the week at $62.41 a barrel, which is still in a acceptable range for stocks. The 10-year note yield ended at 4.62%, little changed from 4.60% a week prior.
Index Started Week Ended Week Change %Change YTD
DJIA 12445.52 12343.22 -102.30 -0.8% 15.2%
Nasdaq 2457.20 2401.18 -56.02 -2.3% 8.9%
S&P 500 1427.09 1410.76 -16.33 -1.1% 13.0%
Russell2K 792.71 780.82 -11.89 -1.5% 16.0%
2-4-5-8-10-11-14-16-17-20-22
U.S. Dec. payrolls unexpectedly accelerate to 167,000...
By Rex Nutting
Last Update: 8:30 AM ET Jan 5, 2007
http://tinyurl.com/yjuouc
WASHINGTON (MarketWatch) - Job growth in the United States unexpectedly accelerated in December, with nonfarm payrolls rising by 167,000 and the jobless rate remaining at a very low 4.5%, the Labor Department reported Friday.
Job growth was much stronger than the 100,000 expected, dashing fleeting hopes held by some that the Federal Reserve would cut interest rates soon.
Payrolls grew by 1.84 million in 2006, an average of 153,000 per month.
The jobless rate fell from 4.9% at the beginning of the year to 4.5%.
Average hourly earnings in December jumped by 8 cents or 0.5%, far ahead of the 0.3% rise expected.
U.S. Dec. payrolls unexpectedly accelerate to 167,000...
By Rex Nutting
Last Update: 8:30 AM ET Jan 5, 2007
http://tinyurl.com/yjuouc
WASHINGTON (MarketWatch) - Job growth in the United States unexpectedly accelerated in December, with nonfarm payrolls rising by 167,000 and the jobless rate remaining at a very low 4.5%, the Labor Department reported Friday.
Job growth was much stronger than the 100,000 expected, dashing fleeting hopes held by some that the Federal Reserve would cut interest rates soon.
Payrolls grew by 1.84 million in 2006, an average of 153,000 per month.
The jobless rate fell from 4.9% at the beginning of the year to 4.5%.
Average hourly earnings in December jumped by 8 cents or 0.5%, far ahead of the 0.3% rise expected.
It was just at .0008 x .0009
Two minutes later, it was back to .0005 x .0006 LOL!!!...
GLLC is tryign to move up out of a level of resistance...
Redback now sees fourth-quarter revenue of $64mm...
By Gabriel Madway
Last Update: 6:05 PM ET Jan 4, 2007
http://tinyurl.com/ycxepw
SAN FRANCISCO (MarketWatch) -- Redback Networks Inc. (RBAK) late Thursday forecast lower-than-expected revenue of roughly $64 million for fourth-quarter ended Dec. 31.
"Unfortunately we failed to meet our revenue targets due to, among other reasons, distribution channel disruptions caused by the timing of our proposed acquisition by Ericsson, and lower-than-expected revenue from our older SMS product line as we transitioned our largest SMS customers in the fourth quarter to our SmartEdge products," said Kevin DeNuccio, president and chief executive, in a statement.
"We expect that substantially all of the delayed purchases will become revenue in 2007." Redback is based in San Jose, Calif.
Redback now sees fourth-quarter revenue of $64mm...
By Gabriel Madway
Last Update: 6:05 PM ET Jan 4, 2007
http://tinyurl.com/ycxepw
SAN FRANCISCO (MarketWatch) -- Redback Networks Inc. (RBAK) late Thursday forecast lower-than-expected revenue of roughly $64 million for fourth-quarter ended Dec. 31.
"Unfortunately we failed to meet our revenue targets due to, among other reasons, distribution channel disruptions caused by the timing of our proposed acquisition by Ericsson, and lower-than-expected revenue from our older SMS product line as we transitioned our largest SMS customers in the fourth quarter to our SmartEdge products," said Kevin DeNuccio, president and chief executive, in a statement.
"We expect that substantially all of the delayed purchases will become revenue in 2007." Redback is based in San Jose, Calif.
Two little boys, ages 8 and 10, are excessively mischievous. They are always getting into trouble and their parents know all about it.
If any mischief occurs in their town, the two boys are probably involved. The boys' mother heard that a preacher in town had been successful in disciplining children, so she asked if he would speak with her boys.
The preacher agreed, but he asked to see them individually. So the mother sent the 8 year old first, in the morning, with the older boy to see the preacher in the afternoon.
The preacher, a huge man with a booming voice, sat the younger boy down and asked him sternly, "Do you know where God is, son?"
The boy's mouth dropped open, but he made no response, sitting there wide-eyed with his mouth hanging open.
So the preacher repeated the question in an even sterner tone, "Where is God?!"
Again, the boy made no attempt to answer. The preacher raised his voice even more and shook his finger in the boy's face and bellowed, "Where is God?!"
The boy screamed & bolted from the room, ran directly home & dove into his closet, slamming the door behind him.
When his older brother found him in the closet, he asked, "What happened?"
The younger brother, gasping for breath, replied, "We are in BIG trouble this time.
"GOD is missing, and they think we did it!"